- Potomac Bancshares, Inc. (OTC:PTBS) announces an 8% increase in its quarterly cash dividend.
- The new dividend will be $0.13 per share, up from $0.12 per share previously.
- The dividend will be paid on May 8, 2025, to shareholders of record as of May 1, 2025.
Potomac Bancshares, Inc. (OTC:PTBS), the holding company for Bank of Charles Town (BCT), has declared an 8% increase in its quarterly cash dividend, showcasing the company's continued financial growth and commitment to providing shareholder value. The quarterly dividend has been raised from $0.12 to $0.13 per share.
The increased dividend will be distributed on May 8, 2025, to all shareholders on record as of May 1, 2025. Alice P. Frazier, President and CEO of Potomac Bancshares, emphasized that the Board's decision is a testament to the company's sustained success and its dedication to enhancing shareholder returns.
Founded in 1871, BCT - Bank of Charles Town, operates through its main office and eight additional branch offices in West Virginia, Maryland, and Virginia, with assets totaling approximately $877 million as of December 31, 2024. The bank offers a diverse range of financial services, including commercial loans, residential loans, and government contractor loans. BCT is recognized for its superior financial management, investment services, and has been named a "Top 200 Community Bank" by American Banker in 2023.
